NFT stands for "non-fungible token" and is a non-fungible token that is digitally ‘only’ my asset!
In other words, it's like a certificate of rights for a digital asset, and an online registry called blockchain records and stores it whenever the owner of an asset changes!
I know that, but why do they buy it?
Each person has different reasons for buying and selling NFTs, but the main reasons are as follows:
Possession: the love of a fan, for simple collection purposes
It's like standing in line all night when a limited number of photo cards of your favorite stars are released.
Investment: Aim for Value Growth!
It is similar to the psychology of those who collect limited edition sneakers, which can also be used as a means of ‘shoe tech’ (shoes + financial technology, investment).
FLEX: Socio/Economic sense of belonging
It's like revealing one's social and economic status with a luxury bag or watch, or expressing one's sense of belonging by wearing a college varsity jacket!
For what reasons do you do NFTs? There are many other uses in Burrito Wallet 😊
If you want to know more, please refer to the following guide.
